The Dogecoin price has been subjected to an intense lower pressure so far in 2025, down an additional 10% in the last seven days. However, a popular analyst on the social media platform X underlined a bullish scheme that could see the same piece detached at a new price of all time.
Doge Price persists in the 11 -year -old ascending channel
In an article on February 21 on X, Crypto Ali Martinez’s merchant proposed a new upward perspective for the Dogecoin price in the coming months. According to Martinez, the largest piece of memes has been negotiated in an upward triangle since 2014, its price should come together to a new $ 4 record.
The justification for this bullish projection is the formation of an ascending channel model on the Dogecoin price table on the monthly time. An ascending channel is a model used in the technical analysis characterized by two primary trends lines (S-Goutfing); The upper line connecting the progressive swing tops and the lower line connecting swing stockings.
The price of the asset is generally negotiated in the ascending channel, the higher trend line acting as a resistance zone and the lower limit line acting as a support. An ascending channel model indicates the persistence of an upward trend, with a break or a break used to identify an inversion or a continuation of potential trend.
Consequently, investors can negotiate as the price ranges between the model’s request cushions and the barriers of the offer or enter a position after a rupture or a break of the model. In the current scenario, the Dogecoin Prize seems to be negotiating in the ascending channel after finding the support and plump around the level of $ 0.19.
Martinez stressed that if this $ 0.19 support area occurs and the story is repeated, the Doge price could reach the higher resistance trend line around $ 4. This rally would represent a rally of more than 1,500% compared to the current price. On the other hand, a violation of the support of $ 0.19 could see the price of Dogecoin drop to around $ 0.06.
Interestingly, this bullish projection aligns with recent hypotheses on the market saying that the Altcoin season has already started. While some of these theories apply this current ALT season this season will be selective, large capitalization assets like Dogecoin will have to carry out the charge.
Dogecoin price at a glance
To date, the Doge price is just above $ 0.24, reflecting a drop of almost 5% in the last 24 hours. According to Coingecko data, the memes part is down more than 10% last week.